# Innovation |  | **Innovation** is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies. | |-|-| | | wikipedia:: [Innovation](https://en.wikipedia.org/wiki/Innovation) | > [!summary]- Wikipedia Synopsis > **Innovation** is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services. ISO TC 279 in the standard ISO 56000:2020 defines innovation as "a new or changed entity realizing or redistributing value". Others have different definitions; a common element in the definitions is a focus on newness, improvement, and spread of ideas or technologies. > > Innovation often takes place through the development of more-effective products, processes, services, technologies, art works > > or business models that innovators make available to markets, governments and society. Innovation is related to, but not the same as, invention: innovation is more apt to involve the practical implementation of an invention (i.e. new / improved ability) to make a meaningful impact in a market or society, and not all innovations require a new invention.Technical innovation often manifests itself via the engineering process when the problem being solved is of a technical or scientific nature. The opposite of innovation is exnovation. - [[Innovation economics]] - [[Creative destruction]] - [[Joseph Schumpeter]] - [[Disruptive innovation]] - [[Clayton Christensen]] - [[Innovator's Dilemma]] - [[Five Things We Need to Know About Technological Change]] - [[Neil Postman]]